Iceland / Cyprus

Iceland-Cyprus Trade: In 2023, Iceland exported $4.4M to Cyprus. The main products that Iceland exported to Cyprus were Refined Petroleum ($2.29M), Non-fillet Frozen Fish ($1.39M), and Fish Fillets ($505k). Over the past 5 years the exports of Iceland to Cyprus have decreased at an annualized rate of 4.04%, from $5.4M in 2018 to $4.4M in 2023.

In 2019, Iceland exported services to Cyprus worth $1.34M, with Travel ($896k) and Transportation ($448k) being the largest in terms of value.

Cyprus-Iceland Trade: In 2023, Cyprus exported $1.38M to Iceland. The main products that Cyprus exported to Iceland were Pure Olive Oil ($1.04M), Cheese ($114k), and Light Fixtures ($43.6k). Over the past 5 years the exports of Cyprus to Iceland have increased at an annualized rate of 43%,  from $230k in 2018 to $1.38M in 2023.

In 2010, Cyprus exported services to Iceland worth $2.65M, with Financial services ($2.65M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Cyprus ranked 126 in total exports ($5.7B). Both countries does not have data related to Economic Complexity Index.